Kirk Kerkorian has long wanted someone representing his interests on the GM board of directors. Now his wish has finally come true, as the board finally approved Jerry York
as a new board member. York (and Kerkorian) have been pushing for GM to cut the dividend in half; cut salaries of executives, directors and salaried staff; and to sell the Saab and Hummer divisions in an effort to focus on the core GM brands. With York now on board, it is expected to see more changes, and to see them happen much more quickly...
ateixeira says:
12:02 PM, 02/ 7/06
This is why Kerkorian sold his shares temporarily - it was basically a threat to GM, let him in, or he's out.